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up next, tax hikes, overspending, uncertainty, fiscal cliff threatening the economy, but maybe not? we take it all up with moody's chief economist, and deutsche bank senior economist here next. stay with us. lou: you know, it may surprise some that december is historically the strongest month for investors. the s&p500 posting gains in december, 82% of the time since 1990. it's that 18% that should trouble folks, but are concerns with the fiscal cliff giving investors a reason to be less than optimistic? joining me is john, and carl, senior economist for deutsche bank. gentlemen, thank you for being here. start with the treasury secretary. the man in charge of our treasury is out telling everyone that the administration he works for is a part of is perfectly prepared to go over the fiscal cliff in order to raise a tax rate to 39.6%. does that make any sense to you? are you shocked, surprised? >> well, i guess i'm not surprised given we're in the early stages of the discussion, but for the economists and forecasters out there calling this is the fiscal slope, not a cliff or believe it
up next, tax hikes, overspending, uncertainty, fiscal cliff threatening the economy, but maybe not? we take it all up with moody's chief economist, and deutsche bank senior economist here next. stay with us. lou: you know, it may surprise some that december is historically the strongest month for investors. the s&p500 posting gains in december, 82% of the time since 1990. it's that 18% that should trouble folks, but are concerns with the fiscal cliff giving investors a reason to be less...
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up next, tax hikes, overspending, uncertainty, fiscal cliff threatening the economy, but maybe not? we take it all up with moody's iefonomist, and deuche bank senior economist here next. stay with us. with the spark cash card from capital one, olaf gets great rewas for his small business! pizza! [ garth ] olaf's small busins earns 2% cash back on every purchase, ery day! helium delivery. put it on my spark rd! [ pop! ] [ garth ] why settleor less? great businesses deserve great rewards! awesome!!! [ male announcer ] the spark business card from capital one. choose unlimited rewards with 2% cash back or double miles on every purchase, every day! what's in your wallet? we don't let frequent heartburn come between us and what we love. so if you're onef them people who gets heartburn and then treats day afr day... block the acid with prilosec otc and don't get heartburn in the first place! [ male announcer ] e pill eachmorning. 24 hours. zero heartbur lou: you know, it may surprise some that december is historically the strongest month for investors. the s&00 posting gains in december,
up next, tax hikes, overspending, uncertainty, fiscal cliff threatening the economy, but maybe not? we take it all up with moody's iefonomist, and deuche bank senior economist here next. stay with us. with the spark cash card from capital one, olaf gets great rewas for his small business! pizza! [ garth ] olaf's small busins earns 2% cash back on every purchase, ery day! helium delivery. put it on my spark rd! [ pop! ] [ garth ] why settleor less? great businesses deserve great rewards!...
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Dec 9, 2012
12/12
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WUSA
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>> the economy is going to be very weak despite the solution on the fiscal cliff. >> ryan is right on the cliff, by the way. i predict the u.s. afghanistan by december 31, 2013. bye-bye.
>> the economy is going to be very weak despite the solution on the fiscal cliff. >> ryan is right on the cliff, by the way. i predict the u.s. afghanistan by december 31, 2013. bye-bye.
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i think about whether or not americans are worried about the fiscal cliff the bottom line is the media is milking the crap out of the fray while realistically nothing drastic is probably going to happen. india is on its way to making what it sees as being one of the biggest leaps in medicine in what and times as developing a one dollar vaccine for baby killer disease which could help prevent many thousands of deaths. has more. this is india's genome valley inside these quiet sterile labs there's a revolution taking place that could change the world's approach to public health and potentially save the lives of one hundred thousand indian children every year bharath biotech is an indian firm developing a one dollar vaccine against rotavirus a disease which causes diarrhea in and is deadly in the developing world i think also like a new generation of diplomats like us ok money making is also important but them solving the life saving the life of two hundred thousand to dissolve somebody critical a new study shows india is leading the way in treating people in remote areas in battling dise
i think about whether or not americans are worried about the fiscal cliff the bottom line is the media is milking the crap out of the fray while realistically nothing drastic is probably going to happen. india is on its way to making what it sees as being one of the biggest leaps in medicine in what and times as developing a one dollar vaccine for baby killer disease which could help prevent many thousands of deaths. has more. this is india's genome valley inside these quiet sterile labs...
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Dec 12, 2012
12/12
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CNNW
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. >> obviously i think all of us and all americans a resolution of this issue of the fiscal cliff so that people can live next year with a sense of predictability, with a sense that we can have a growing economy, and, frankly, peace in the world. >> and the place on this committee? >> i think it would be fun to do. >> i'll take that as a yes. >> senator lieberman. >> christmas and hanukkah. >> yes. >> what would i like from the president? that he pick the leadership he's been empowered with the election, bring the parties together beginning with speaker boehner and other leaders agree on a bipartisan package that will reduce debt, increase tax and cut increases on spending entitlements. that will do it and usher in a brilliant new period in america's economic history. >> sounds good. senator graham. >> three things, that the president would have -- >> this i thought we only had one. >> this is america youan have three the president will leave a force in afghanistan of 15 to 20 thousand to make sure the place doesn't fall back in to radical hands. that the people get behind syria and
. >> obviously i think all of us and all americans a resolution of this issue of the fiscal cliff so that people can live next year with a sense of predictability, with a sense that we can have a growing economy, and, frankly, peace in the world. >> and the place on this committee? >> i think it would be fun to do. >> i'll take that as a yes. >> senator lieberman. >> christmas and hanukkah. >> yes. >> what would i like from the president? that he...
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Dec 7, 2012
12/12
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when it comes to the fiscal cliff threatening our economy and jobs the white house has wasted another week. >>reporter: he calls officials saying they are ready to go over the trip. >>shepard: democrats insist that revenue, revenue, revenue is the key. >>guest: president obama campaigned on it and obviously won and democrats insist upper income americans should pay higher taxes but there could be room to negotiate but their point is they don't want to talk about other aspects of a deal until the g.o.p. gives in on their demand for more tax money. >> what is lacking are the revenues. we cannot cut your way to deficit reduction. what reduces the deficit are jobs. job creation. after spending cuts, and medicare saving, and next is the revenue. >>reporter: leader pelosi spent time at the white house today meeting with president obama on what we are told are a number of issues. >>shepard: thank you, mike, from washington, dc. we know that business collects information from us when we go to our website our mobile apps. usually it is legal. there is a new law that requires companies to notif
when it comes to the fiscal cliff threatening our economy and jobs the white house has wasted another week. >>reporter: he calls officials saying they are ready to go over the trip. >>shepard: democrats insist that revenue, revenue, revenue is the key. >>guest: president obama campaigned on it and obviously won and democrats insist upper income americans should pay higher taxes but there could be room to negotiate but their point is they don't want to talk about other aspects...
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wallace and. ♪ lou: house speaker boehner says the president is slow walking our economy to the fiscal cliff. former reagan white house counsel, financial crisis inquiry coission member peter wallace will join me here in just moments. let's take a look at tnight's "moneyline." the dow and s&p managing gains. the naaq weighed down by another bad day for apple and its investors. the dow u 81 points. s&p up four, the nasdaq fell leaven. ju er 3 billion shares traded on the big board today. the dow up 1%, s&p slihtly higher making three straight weeks of wins. the sdaq down 1% for its first losing week of the past three apple investors are having a rough time with the dow down. the stock down 9 percent this week. but even with that selling, t stock remains up 30% year-to-date. wall street analysts say muc of the selling can b explained by investors looking to avoid possibly having to pay gains on the sale of that stock at a higher rate next year. others simply taking profits. financial stocks strong. today j.p. mgan chase led the weight. news that it is expanding the numbers of its branch
wallace and. ♪ lou: house speaker boehner says the president is slow walking our economy to the fiscal cliff. former reagan white house counsel, financial crisis inquiry coission member peter wallace will join me here in just moments. let's take a look at tnight's "moneyline." the dow and s&p managing gains. the naaq weighed down by another bad day for apple and its investors. the dow u 81 points. s&p up four, the nasdaq fell leaven. ju er 3 billion shares traded on the big...
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Dec 8, 2012
12/12
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KQED
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now things have changed and there is more concerned about the fiscal cliff. they asked about a resolution. >> what could the impact speed? we are looking at a time when the global recovery is fragile at best. >> of u.s. is 20% of the global economy. if the u.s. suffers as a result of a fiscal cliff, a complete wiping out of its growth is going to have repercussions around the world. probably half of that. if the u.s. economy has less growth, it will probably be 1% less in mexico, canada, probably less so in europe and japan. but there will be a ripple effects. >> are you worried about it? >> yes. of course i worry about it. the u.s. is a big chunk of the global economy. it has often been a driver of growth. and to have that player virtually flat, if not in recession, would be bad news for the rest of the world. we do not need that because recovery is fragile. we do not want to have this knock on affect on the fragile recovery. >> what would your message be to members of both parties on capitol hill as their negotiating? >> i would say focus on the real issue.
now things have changed and there is more concerned about the fiscal cliff. they asked about a resolution. >> what could the impact speed? we are looking at a time when the global recovery is fragile at best. >> of u.s. is 20% of the global economy. if the u.s. suffers as a result of a fiscal cliff, a complete wiping out of its growth is going to have repercussions around the world. probably half of that. if the u.s. economy has less growth, it will probably be 1% less in mexico,...
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Dec 8, 2012
12/12
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cliff. our economy cannot sustain that and it cannot happen. >> when is the sausage done? >> the sausage will get done a couple of hours before christmas eve. they will keep them in the house until very late. they will put something through at the very end. it won't be pretty. it won't be a long-term solution, and my guess is they will put a bandaid long enough to get us to about february where we can have the same discussion when we hit the debt limit ceiling in february and do it all over again. >> debbie, what is your prediction on this? >> i think chip and i agree it will be the end of the year. i have told congressional spouses they should plan on their spouses working between christmas and new year's, and that's what the american people want. they are elected to govern and that's part of the job. >> do you agree with chip that it will be a temporary fix? >> i don't know. >> it will just take us into the new year, or will they do a grand bargain here? >> well, i think you could get a gr
cliff. our economy cannot sustain that and it cannot happen. >> when is the sausage done? >> the sausage will get done a couple of hours before christmas eve. they will keep them in the house until very late. they will put something through at the very end. it won't be pretty. it won't be a long-term solution, and my guess is they will put a bandaid long enough to get us to about february where we can have the same discussion when we hit the debt limit ceiling in february and do it...
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all right well sticking with the topic of the economy fears of falling over the proverbial fiscal cliff how force the issue to the top of the congressional agenda the upcoming financial crisis was created by congress to force congress to act and is now acting against congress so much so that it could potentially cause the us to spiral into a congressional mandated recession so are you prepared for that or do you think this whole thing will blow over in a last minute deal lorie harshness of the resident dot net took that question to the streets of the financial capital of the world to find out. america is about to go over the fiscal cliff are you worried what should we do about it this week let's talk about that do you know the fiscal cliff. do you think a lot of americans do so then why is the media talking about it incessantly well so go there i guess i'm not as informed as they should be but i just kind of figure it might work out do you think most people feel that way you know even most people are worried i think they are and i think that if i ignored it all go away do you think call
all right well sticking with the topic of the economy fears of falling over the proverbial fiscal cliff how force the issue to the top of the congressional agenda the upcoming financial crisis was created by congress to force congress to act and is now acting against congress so much so that it could potentially cause the us to spiral into a congressional mandated recession so are you prepared for that or do you think this whole thing will blow over in a last minute deal lorie harshness of the...
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Dec 7, 2012
12/12
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WMAR
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. >> reporter: the fiscal cliff is still three weeks away. but the economy may have already taken a hit. economists predict the government's monthly jobs report, due out later this morning, will show that employers added fewer than 100,000 workers in november. superstorm sandy may be part of the reason job creation slowed. but worry over the fiscal cliff may have also had an immaterial pact. some economists believe that 200,000 fewer jobs thhave been created this year, due to uncertainty about the fiscal cliff. >> it's very important we get it done now. >> reporter: republicans and democrats are talking again. but still, no breakthrough. the parties are locked in a stalemate. president obama is demanding that higher tax rates for the wealthy and a permanent extension of the debt ceiling, the government's ability to borrow money, be part of the deal. >> he's assuming unprecedented power to spend taxpayer dollars out any limit at all. >> reporter: republicans who say they're open to raising tax revenue say they will only do so in exchange for d
. >> reporter: the fiscal cliff is still three weeks away. but the economy may have already taken a hit. economists predict the government's monthly jobs report, due out later this morning, will show that employers added fewer than 100,000 workers in november. superstorm sandy may be part of the reason job creation slowed. but worry over the fiscal cliff may have also had an immaterial pact. some economists believe that 200,000 fewer jobs thhave been created this year, due to uncertainty...
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america is about to go over the fiscal cliff are you worried what should we do about it this week let's talk about that do you know the fiscal cliff. do you think a lot of americans do so then why is the media talking about it incessantly we're also going to i guess i have not as informed as i should be but i just kind of figure it might work out do you think most people feel that way you know you think most people are worried i think they are and i think that if i ignored it all go away do you think calling it something like the fiscal cliff minimizes it yes or no i definitely agree that it's a complex problem i don't think it simplifies it though i think it adds an element of panic or fear looming. doom and the media loves that yeah i do think there's actually something to worry about or do you think it's something the politicians and the media used to distract us from what's really going on politics and media for sure so what's really going on that they're distracting us from. their own personal agendas if they're not really trying to work together three business channels running twe
america is about to go over the fiscal cliff are you worried what should we do about it this week let's talk about that do you know the fiscal cliff. do you think a lot of americans do so then why is the media talking about it incessantly we're also going to i guess i have not as informed as i should be but i just kind of figure it might work out do you think most people feel that way you know you think most people are worried i think they are and i think that if i ignored it all go away do you...
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Dec 12, 2012
12/12
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KGO
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economy and that pending fiscal cliff. are we going to go over the fiscal cliff? >> you know, i remain optimistic that there are enough people of good will in this town that recognize our economy will be much better off, american families will be much better off, if we get this done. the most important thing we can do is make sure the middle class taxes do not go up january 1st and i'm pretty confident that republicans would not hold middle class taxes hostage to try to protect tax cuts for high income individuals. >> reporter: prediction. are you going to be able to raise taxes? yes or no? >> oh, taxes are going to go up one way or the other. >> reporter: oh, they are? >> and i think the key is to make sure the taxes go up on high end individuals like you and me, barbara. we can afford it. it is entirely possible for us to come up with a deal. but time is running short. >> reporter: the president sounded optimistic about avoiding the fiscal cliff. he said, of his meeting with speaker boehner, "i think the tone was good. i believe both speaker boehner and myself a
economy and that pending fiscal cliff. are we going to go over the fiscal cliff? >> you know, i remain optimistic that there are enough people of good will in this town that recognize our economy will be much better off, american families will be much better off, if we get this done. the most important thing we can do is make sure the middle class taxes do not go up january 1st and i'm pretty confident that republicans would not hold middle class taxes hostage to try to protect tax cuts...
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Dec 5, 2012
12/12
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WETA
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is in the fiscal cliff. in britain today, the finance minister george osborn was forced to defend his policy of austerity in the light of economic growth. >> when georgia osborn when to address the house of commons from the british economy -- on the british economy, he had to read mcvet is taking much longer than in must got to balance -- he had to admit it is taking much habrÉ than it osborn when o address was first thought to balance the nation's books. >> the people want to know that we are making progress, and the message today is that we are making progress. it is a hard road, but we are getting there. >> he pointed to the economic problems globally that are making his job harder. as a result, the chancellor announced austerity would have to last for logger, until 2018, in fact. that means more benefits will now be squeezed, and there will be a tax rates on the pension pops. >> i know these tax measures willthought to balance not be r. ways to reduce the deficit never are. but we must act together. whe
is in the fiscal cliff. in britain today, the finance minister george osborn was forced to defend his policy of austerity in the light of economic growth. >> when georgia osborn when to address the house of commons from the british economy -- on the british economy, he had to read mcvet is taking much longer than in must got to balance -- he had to admit it is taking much habrÉ than it osborn when o address was first thought to balance the nation's books. >> the people want to know...
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do you know the fiscal cliff. do you think a lot of americans do you think most people are worried i think they are and i think that if i nor dildo buy nothing's really going to change because the economy think that he might think it'll change i just don't they're going to think about it. president asks if americans are prepared to say that's ahead. plus the russian city of sochi is gearing up to host the next winter olympics with preparations now in full swing and so coming up for you after a short break. would you choose do just what their name implies they get between people and drive them apart like a wage and these issues seem to always take the forefront in the media things like abortion gun rights marijuana legalization and the weather well the weather isn't really a west cost people sure talk about it way too much there's only so much room with the national discourse and the switch issues just eat up all of the time and attention but the thing is that there's a little something called the tenth amendment y
do you know the fiscal cliff. do you think a lot of americans do you think most people are worried i think they are and i think that if i nor dildo buy nothing's really going to change because the economy think that he might think it'll change i just don't they're going to think about it. president asks if americans are prepared to say that's ahead. plus the russian city of sochi is gearing up to host the next winter olympics with preparations now in full swing and so coming up for you after a...
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Dec 13, 2012
12/12
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but bernanke says the economy afeds more confidence now because of the uncertain fiscal cliff negotiations in unshington. and the harm from the fiscal cliff won't just happen in the enedre. bernanke said that's happening now. >> it's already affecting absiness investment and hiring decisions by creating uncertainty, or creating r:ssimism. ai saw what happened recently to consumer sentiment, which fell, tesumably in part because of concerns about the fiscal cliff. t reporter: the other main concern for the fed is inflation. but, scott, there's good news here. despite the trillions the fed eds pumped into economy, bernanke called the inflation tame, for now, projected 2%. elleelley: if the chairman of the fed is worried about the fiscal cliff there is nothing today that would have cheered ram up. a are less than two weeks away from the traditional prngressional holiday break, and noe republican speaker of the house and president obama seem no closer to a budget deal. as you know, if they don't come up with a spending compromise, most americans will see a hefty tax increase automatically on j
but bernanke says the economy afeds more confidence now because of the uncertain fiscal cliff negotiations in unshington. and the harm from the fiscal cliff won't just happen in the enedre. bernanke said that's happening now. >> it's already affecting absiness investment and hiring decisions by creating uncertainty, or creating r:ssimism. ai saw what happened recently to consumer sentiment, which fell, tesumably in part because of concerns about the fiscal cliff. t reporter: the other...
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watch this whole fiscal cliff dial backfire. the -- the economy is going into recession in new year. lou: do you believe there is no way to avoid the fiscal cliff.
watch this whole fiscal cliff dial backfire. the -- the economy is going into recession in new year. lou: do you believe there is no way to avoid the fiscal cliff.
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barack obama is negotiating good the republicans how to avoid the so-called fiscal cliff it's a set of spending rises and tonks cuts that are set to take effect on the first of january and could be ruinous to the economy but does the average american see a day looming do all these new york residents try to find out. america is about to go over the fiscal cliff are you worried what should we do about it this week let's talk about that do you know the fiscal cliff. do you think a lot of americans do you know so then why is the media talking about it incessantly well i i guess i have not as informed as i should be but i just kind of figure it might work out do you think most people feel that way you know you think most people are worried i think they are and i think that if i ignored it all go away do you think calling it something like the fiscal cliff minimizes it yes and no i definitely agree that it's a complex problem i don't think it simplifies it though i think it adds an element of panic or fear looming. doom that and the media loves that yeah do you think there's actually somethi
barack obama is negotiating good the republicans how to avoid the so-called fiscal cliff it's a set of spending rises and tonks cuts that are set to take effect on the first of january and could be ruinous to the economy but does the average american see a day looming do all these new york residents try to find out. america is about to go over the fiscal cliff are you worried what should we do about it this week let's talk about that do you know the fiscal cliff. do you think a lot of americans...
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Dec 7, 2012
12/12
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when it comes to the fiscal cliff that's threatening our economy and threatening jobs, the white house has wasted another week. >> reporter: vice president biden was confident that this deal will get done because he's optimistic genetically. says if everyone can act like adults and can reach an agreement, the up side will be much greater than the down side. >> any indication when there might be a presidential meeting with the speaker? >> reporter: we don't know at all. there has been one phone call this week. white house aides saying so far they're not making announcements about meetings or phone calls. >> they need to meet to resolve this. maybe their teams and staffers could do some advance work but the clock is ticking. dan lothian, thank you. >>> president obama's top campaign strategist is here in a few minutes. david axelrod did something today he hasn't done in decades. look at that, before and after. he's ready to challenge a member of cnn's political team to do the same thing. stand by. >>> and take a look at this. we're going to tell you why the driver says she didn't stop ou
when it comes to the fiscal cliff that's threatening our economy and threatening jobs, the white house has wasted another week. >> reporter: vice president biden was confident that this deal will get done because he's optimistic genetically. says if everyone can act like adults and can reach an agreement, the up side will be much greater than the down side. >> any indication when there might be a presidential meeting with the speaker? >> reporter: we don't know at all. there...
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Dec 8, 2012
12/12
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. >> when it comes to the fiscal cliff that is threatening our economy and threatening jobs, the white house has wasted another week. >> reporter: he and the president spoke by phone, only once all week, and it didn't produce much. >> just more of the same, it is time for the president to be serious, to come back to us with a counter offer. >> reporter: but what may have been most notable what was john boehner did not say. he did not repeat his demand to keep taxes cuts for the wealthy in place, the biggest issue that divides them, instead he said this. >> there are a lot of things possible for the revenue, to put on the table. but none of it will be possible if the president insists on his position, insists on my way, or the highway. >> reporter: aides to john boehner and the president who are doing the negotiating are tight-lipped. but others suggest possible compromise on the thorny tax issue. one, instead of raising the current tax rate on the wealthy from the 37% from the bush tax era, to 36%, as the president wants, pick a middle ground. republicans are so concerned about small b
. >> when it comes to the fiscal cliff that is threatening our economy and threatening jobs, the white house has wasted another week. >> reporter: he and the president spoke by phone, only once all week, and it didn't produce much. >> just more of the same, it is time for the president to be serious, to come back to us with a counter offer. >> reporter: but what may have been most notable what was john boehner did not say. he did not repeat his demand to keep taxes cuts...
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Dec 9, 2012
12/12
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what are the odds of a deal getting done before disaster strikes in the fiscal cliff. we have optimism that our elected officials will rise to the occasion. >> i think everyone realizes how important it is. our economy is moving up some. not fast but some, and to go over the cliff would be terrible. i think we'll get an agreement. the reason i think we'll get an agreement, what's standing in the way is revenues, particularly making that top rate go up to 39.6 but we're seeing real progress. >> a unique moment in history where every developed country in the world, economists on both sides of the aisle, know the greatest threat to our country is fiscal solve advancecy. the minority party is trying to leverage the country into doing something great for our nation. it's a unique time and i hope the president soon will see the light. >> joining me the chris wallace. good morning. >> good morning, jamie. >> interesting interviews with optimism. do you think that -- they really believe a deal will happen and is each side willing to make a move? >> well, both senators said the
what are the odds of a deal getting done before disaster strikes in the fiscal cliff. we have optimism that our elected officials will rise to the occasion. >> i think everyone realizes how important it is. our economy is moving up some. not fast but some, and to go over the cliff would be terrible. i think we'll get an agreement. the reason i think we'll get an agreement, what's standing in the way is revenues, particularly making that top rate go up to 39.6 but we're seeing real...
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Dec 7, 2012
12/12
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when it comes to the fiscal cliff that's threatening our economy and threatening jobs, the white house has wasted another week. >> we've had time. the president has given the republicans flexibility to come up with a credible, specific plan. what they offered in return was an empty letter lacking in specifics. >> meanwhile, vice president biden is having lunch with several middle class americans who would see their income taxes go up if the tax cuts are not extended. all of this comes as the first jobs report since the election exceeded expectations. the u.s. economy added some 146,000 jobs last month. that was enough it to drive the unemployment rate down to 7.7%. joining me to talk about all of it, florida congresswoman debbie wasserman schultz and she chairs the democratic national committee. good friday afternoon to you. >> thank you. >> john boehner said today that democrats' plan is to, quote, slow walk our economy to the edge of the fiscal cliff. how do you respond it to that? >> well, that's just utterly preposterous. the republicans right now in the house of representatives ha
when it comes to the fiscal cliff that's threatening our economy and threatening jobs, the white house has wasted another week. >> we've had time. the president has given the republicans flexibility to come up with a credible, specific plan. what they offered in return was an empty letter lacking in specifics. >> meanwhile, vice president biden is having lunch with several middle class americans who would see their income taxes go up if the tax cuts are not extended. all of this...
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going to i think about whether or not americans are worried about the fiscal cliff the bottom line is the media is milking the crap out of the fray while realistically nothing drastic is probably going to happen. this week and the world's best figure skaters are testing the olympic ice in russia's resort city of sochi the countdown is in full swing with just over a year left until the winter games. reports from the next olympic city. there is just over a year until the actual winter olympics get underway but still if this task competitions give us a chance at the construction is almost over and that the city will soon transform into the world capital off the winter games this weekend is all about pushing the new venue through their paces of course all eyes are right now at this ice berg arena ice rink which is right behind my back it's a new twelve thousand rink which is part of a cluster of ice sports venue suite how been or are still being built along the black sea coast now its brand new sparking doors have just been opened for numerous competitors from around the globe and it seem
going to i think about whether or not americans are worried about the fiscal cliff the bottom line is the media is milking the crap out of the fray while realistically nothing drastic is probably going to happen. this week and the world's best figure skaters are testing the olympic ice in russia's resort city of sochi the countdown is in full swing with just over a year left until the winter games. reports from the next olympic city. there is just over a year until the actual winter olympics...
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Dec 8, 2012
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if it it doesn't we could go over the fiscal cliff and right now the economy is in a fragile position. >> no one can argue with that one. a lot of criticism on both sides and a lot pointing to republicans that they want to see the fiscal cliff happen. is there any upside if we actually go over the cliff? >> there's no upside if we go over the cliff and what you've seen the last couple of weeks is political theater. that's how we negotiate things here in washington d.c. and the good news, the president put forth a plan and republicans have put forth a plan and i believe that obama will have to come to the table with more spending cuts and entitlement reform and republicans might have to give in to some tax increases and the cbo do a recent report, saying if republicans get what they want in extending the entire bush tax cut plan. it would only increase the gd growth by 1.5%. if we do what president obama wants to do, it will only increase the gdp by 1.25%, having said that, it's just not about tax cuts, doug, it's more about cutting wasteful government spending. >> i was going to ask d
if it it doesn't we could go over the fiscal cliff and right now the economy is in a fragile position. >> no one can argue with that one. a lot of criticism on both sides and a lot pointing to republicans that they want to see the fiscal cliff happen. is there any upside if we actually go over the cliff? >> there's no upside if we go over the cliff and what you've seen the last couple of weeks is political theater. that's how we negotiate things here in washington d.c. and the good...
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to do anything about it whether or not americans are worried about the fiscal cliff the bottom line is the media is milking the crap out of the for a while realistically nothing drastic is probably going to happen. while the u.s. government finances huge deficit maxon stacie are here to discuss the so-called hollywood accountant schemes that paul even more pressure on the economy here's a quick preview of the full kaiser report coming up in two i was. is that these are monies that are for pensions for police nurses you know hospital workers farman and this money that is taken out of their paycheck every week is put into these retirement funds and then the state intercedes they collateralize those funds back up on which i'm sure the rating agencies moody's picture s. and p. of course i'm sure they gave a good rating and then the hollywood people came in and stole that money and then those people lose their pension accounts and you know one of the things in america that's really one of the greatest tragedies is how the firemen the policemen the workers the teachers the people who actuall
to do anything about it whether or not americans are worried about the fiscal cliff the bottom line is the media is milking the crap out of the for a while realistically nothing drastic is probably going to happen. while the u.s. government finances huge deficit maxon stacie are here to discuss the so-called hollywood accountant schemes that paul even more pressure on the economy here's a quick preview of the full kaiser report coming up in two i was. is that these are monies that are for...
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Dec 8, 2012
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when it comes to the fiscal cliff that's threatening our economy and threatening jobs, the white house has wasted another week. >> joining me now, white house correspondent for the hill and congressional correspondent ed o'keith. hi, guys, good to see you both. >> good morning. >> you heard john boehner. we'll start with you. meanwhile the white house say republicans are the ones to blame for dragging their feet. at least publicly, seems we're walking on a treadmill, getting nowhere. anything bigger churning behind the scenes? >> we certainly hope so. the fact two sides do toin to talk, even if we don't necessarily hear about every detail is encouraging. it does appear republicans are getting close to the idea of raising -- sorry, of cutting taxes for middle income americans and maybe sorting out higher incomes a little later. certainly things aren't necessarily going the republicans way. i think we've seen polling this week that suggests congressional republicans would be held to account if, in fact, the country does go over the cliff. but friday sort of signaled, as boehner said, the
when it comes to the fiscal cliff that's threatening our economy and threatening jobs, the white house has wasted another week. >> joining me now, white house correspondent for the hill and congressional correspondent ed o'keith. hi, guys, good to see you both. >> good morning. >> you heard john boehner. we'll start with you. meanwhile the white house say republicans are the ones to blame for dragging their feet. at least publicly, seems we're walking on a treadmill, getting...
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Dec 12, 2012
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the longer the white house slow walks this process, the closer our economy gets to the fiscal cliff. >> so obviously, republicans are trying to change the conversation from taxes to cuts. what do they want? >> well, they want entitlement reform and what we've seen is that the white house has moved a little bit. the president seems to be open to some form of entitlement reform, maybe not what john boehner wants, but they have said in the last couple of days that they will do corporate tax reform. so we are seeing some movement from the white house, but nothing yet from the house republicans. >> all right. john boehner just came to the microphone. he's just met with his caucus. let's see if he has anything new. >> -- the president's plan to avert the fiscal cliff still does not meet the two standards that i laid out the day after the election. his plan does not fulfill his promise to bring a balanced approach to solving this problem. it's mainly tax hikes. and his plan does not begin to solve our debt crisis. it actually increases spending. our plan meets these standards. it cuts spend
the longer the white house slow walks this process, the closer our economy gets to the fiscal cliff. >> so obviously, republicans are trying to change the conversation from taxes to cuts. what do they want? >> well, they want entitlement reform and what we've seen is that the white house has moved a little bit. the president seems to be open to some form of entitlement reform, maybe not what john boehner wants, but they have said in the last couple of days that they will do...
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Dec 11, 2012
12/12
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stay with us. >>> the fiscal cliff fiasco. the obama plan, the boehner plan, will either alter america's rising rate of spending or lessen the size our bloatedgornment? the answer in tonight's chalk talk. >>is the housing market really recovering? $17 trillion is riding on the answer. the president and ceo o citi mortgage joins us next. [beep] [indistinct chatter] [kids talking at once] [speaking foreign language] [heart beaeating] [heartbeat continues] [faint singing] [heartbeat, music playi loude ♪ i'm feeling better since you knome ♪ ♪ i was a lonely soul, but that's the old me... ♪ announcer: thisong was created with heartbeats of children ineed. find out how it can help frontline e health workers bring hope to millions of children at everybeatmatters.org. lou: new rorts show foreign investment is heingthe housg market slowly recover. citimortgage president and ceo sanjiv das joins us here in just moments to discuss thatnd much more when it comesto housing. in the money lineonight, investors waiting cautiously to s
stay with us. >>> the fiscal cliff fiasco. the obama plan, the boehner plan, will either alter america's rising rate of spending or lessen the size our bloatedgornment? the answer in tonight's chalk talk. >>is the housing market really recovering? $17 trillion is riding on the answer. the president and ceo o citi mortgage joins us next. [beep] [indistinct chatter] [kids talking at once] [speaking foreign language] [heart beaeating] [heartbeat continues] [faint singing]...
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Dec 8, 2012
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economy ndntinued to add jobs in november, despite worries about a looming fiscal cliff in washington and the effects of a k perstorm in the northeast. >> thank you very much. or reporter: at chobani, the greek yogurt maker based in new york, c.e.o. hamdi ulukaya has been hiring. how many employees do you have? >> close to 2,000. >> reporter: the turkish-born ulukaya started chobani just four years ago. since then, greek yogurt sales re g exploded. chobani is now nearly a billion- dollar business. >> think we're going to be over 5,000 to 6,000 people by five years. >> reporter: so another 3,000 or ll000. th yeah. >> reporter: nationally job f owth has been steady but slow. so far in 2012 the economy has added an average of 151,000 jobs a month. >> we are creating more jobs but the pace of that hasn't really thanged much in the last two years. >> reporter: this chief investment strategist with the the blackrock says the economy is caught in a circle. >> one reason the job market isn't better is consumers aren't spending and the reason consumers aren't spending is etcause the job market
economy ndntinued to add jobs in november, despite worries about a looming fiscal cliff in washington and the effects of a k perstorm in the northeast. >> thank you very much. or reporter: at chobani, the greek yogurt maker based in new york, c.e.o. hamdi ulukaya has been hiring. how many employees do you have? >> close to 2,000. >> reporter: the turkish-born ulukaya started chobani just four years ago. since then, greek yogurt sales re g exploded. chobani is now nearly a...
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Dec 11, 2012
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stay with us. >>> the fiscal cliff fiasco. the obama plan, the boehner plan, will either alter america's rising rate of spending or lessen the size of our bloated government? the answer in tonight's chalk talk. >>> is the housing market really recovering? $17 trillion is riding on the answer. the president and ceo of citi mortgage joins us next. twins. i dn't see them coming. i have obligations. cute obligation b obligatio. i need to rethink the core of my portfolio. what i really need is eep. introducing the ishares core, budinglos for the heart of your portfolio. find out why 9 out of 10 ilarge professisional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectis, risks, charges and expenses. ad and consider itarefully bere investing. ri includes possible ss of principal. lou: new reports show foreign investment is helping the housing market slowly recover. citimortgage president and ceo sanjiv das joins us here in just moments to discuss that and
stay with us. >>> the fiscal cliff fiasco. the obama plan, the boehner plan, will either alter america's rising rate of spending or lessen the size of our bloated government? the answer in tonight's chalk talk. >>> is the housing market really recovering? $17 trillion is riding on the answer. the president and ceo of citi mortgage joins us next. twins. i dn't see them coming. i have obligations. cute obligation b obligatio. i need to rethink the core of my portfolio. what i...
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Dec 10, 2012
12/12
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over the next several months. >> chris: president obama drawing a link between the fiscal cliff talks and a still slow economic recovery. we're back with the panel. we got the new jobs numbers friday. let's put them on the screen. unemployment dropped from 7.9 to 7.7%. the economy created 146,000 new jobs. kim, yes, continuing recovery but not a roaring recovery. does that help one side more than the other? >> they'll both have talking points. the president will say we're recovering, making progress like i said and therefore the economy is okay to have these tax hikes levied. republicans will say it's too weak for us to play a guinea pig with the economy. i think what is relevant about the job numbers is they're not strung. politics aside, presidents when they have a second term we know their lasting legacy is their stewardship of the economy. it's astonishing this president thinks given how weak the economy is that you can go out just impose new taxes, whatever that may come. if he's wrong and it has an effect, it's going to be hard to dig out of that. >> juan, 23 days and counting u
over the next several months. >> chris: president obama drawing a link between the fiscal cliff talks and a still slow economic recovery. we're back with the panel. we got the new jobs numbers friday. let's put them on the screen. unemployment dropped from 7.9 to 7.7%. the economy created 146,000 new jobs. kim, yes, continuing recovery but not a roaring recovery. does that help one side more than the other? >> they'll both have talking points. the president will say we're...
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Dec 12, 2012
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cliff. >>> and jpmorgan ceo, jamie dimon on the effect of the economy and fiscal cliff. stick around! >>> welcome back to "squawk b " box." the futures have been around 50, now 52 points. a look at the percentage move. not a lot. at least it is up and will be up for six straight days. you're very ingagnostic about a these things, overall we'd like prosperity to increase globally? >> absolutely. is that ever in doubt? with some places it is. >> in europe, does prosperity seem to be having a good century in europe? >> no. >> good decade? >> no. with the tail end of the feds 2-day interest meeting, feds are suspecting out-right asset purchases to replace "operation twist." has the fed run out of firepower. steve joins us on what to expect when we hear from them later on today. hey, steve. >> hi, michelle. the fed doesn't think it's run out of firepower although the market may have a different point of view. the big debate is how the fed replaces "operation twist." for background it's short term securities and buys long term securities in an effort to bring down long term in
cliff. >>> and jpmorgan ceo, jamie dimon on the effect of the economy and fiscal cliff. stick around! >>> welcome back to "squawk b " box." the futures have been around 50, now 52 points. a look at the percentage move. not a lot. at least it is up and will be up for six straight days. you're very ingagnostic about a these things, overall we'd like prosperity to increase globally? >> absolutely. is that ever in doubt? with some places it is. >> in...
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Dec 8, 2012
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when it comes to the fiscal cliff that's threatening our economy and threatening jobs. the white house has wasted another week. >> one sign of optimism is when he was pressed by a reporter about tax rates, he seemed to leave the door open about some flexibility of negotiating with the white house. vice president biden said while rates have to go up it's negotiable what exact rate it is. whether it goes all the way up to the top rate to 39.6 like the clinton days. it seems like there is wiggle room on both sides. that may be where we get a deal if these two sides get together next week, shep. >> shepard: u.s. officials say the syrian regime has begun preparing for use a nerve gas, one that's capable of killing thousands of people. the question is is the syrian president bashar assad ready to unleash a chemical weapon on his own people. the latest analysis coming up. don't expect to start using your cell phones on airplanes. at least not yet. it could soon be okay to use your ipad, kindle and laptop takeoff and landing at least if one government heavy hitter gets his way.
when it comes to the fiscal cliff that's threatening our economy and threatening jobs. the white house has wasted another week. >> one sign of optimism is when he was pressed by a reporter about tax rates, he seemed to leave the door open about some flexibility of negotiating with the white house. vice president biden said while rates have to go up it's negotiable what exact rate it is. whether it goes all the way up to the top rate to 39.6 like the clinton days. it seems like there is...